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Saab: Muller seeking €600 million Chinese Bank loan to placate GM

Saab €600 seeking million China Loan Victor Muller is seeking a €600 million loan from a Bank in China to allow Saab to survive and circumvent GM’s objection to Chinese ownership. We’re not sure if this is ‘Plan B’ or whether we’re way beyond that now. But the latest ‘Save Saab’ pitch from Victor Muller is to acquire a €600 million loan from a bank in China to save Saab.

Tesla Model S hits the UK second-hand market – at a premium

You can have a Tesla Model S now, but it’ll cost you The Tesla Model S is now, finally, starting to the UK in RHD, and it offers, for the first time, an electric powertrain that comes very close to offering the same convenience in use as a normal ICE car. True, it’s a far from cheap car to buy – prices start from around £50k and go up to around £100k if you throw caution to the wind and spec up almost everything on the Model S options list. But despite the steep prices, the Model S can be something of a bargain, especially if you’re a business user.

Toyota halts Lexus GX460 sales worldwide

The 2010 Lexus GX460. Sales have been halted due to safety concerns 2010 is turning in to Toyota’s ‘Annus Horribilis’. Its formerly untouchable reputation for producing bullet-proof cars has been severely damaged by the ‘ThottleGate’ problems, with more damage to Toyota’s reputation being caused by their failure to address a problem they seemed to be all too aware of, rather than the problem itself causing the damage.